OPEC Shale Spat Won’t Cut U.S. Output as Profit Seen at $25 Oil
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December 5th, 2014
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Bloomberg Joe Carroll © Bloomberg OPEC’s price war against the American shale industry will erode drilling budgets, shrink profits and even bankrupt some companies. It won’t do the one thing cartel leader Saudi Arabia wants: reduce U.S. production. In the three geologic formations that account for 88 percent of U.S. shale oil output LL North […]
